Published On:March 18 2014
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TN adopts cluster strategy for small enterprises.
In a move to boost the micro, small and medium enterprise (MSME) sector in Tamil Nadu, the state government is planning to take up projects that will not only help the sector address financial constraints, but also issues relating to infrastructure and marketing. It has announced a package of incentives for the development of MSMEs to enable them to grow faster.
The state government has adopted a 'Cluster Development Approach' as a key strategy and allocated Rs. 50 crore in 2014-15 as financial assistance to entrepreneurs' consortiums for establishing new industrial estates and also for shifting their industrial units to geographically defined areas for better management of power supply, infrastructure and pollution-related issues.